Greenland Technologies Holding Corporation (GTEC)

GTEC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3.94	8.61	28.19	19.73	17.8	9.4
Short-Term Investments	29.1	18.54	2.82	7.8	2.11	-
Cash & Short-Term Investments	33.04	27.15	31.01	27.53	19.91	9.4
Cash Growth	18.94%	-12.45%	12.63%	38.29%	111.71%	64.47%
Accounts Receivable	21.55	15.8	16.48	14.34	15.92	12.41
Other Receivables	17.55	22.97	27.36	58.96	77.23	69.34
Total Trade Receivables	39.1	38.77	43.84	73.3	93.15	81.75
Inventory	23.86	23.38	24.6	23.1	25.8	15.38
Other Current Assets	2.99	3.35	0.34	1.98	0.45	1.11
Total Current Assets	98.99	92.65	99.79	125.91	139.31	107.64
Net Property, Plant & Equipment	16.81	18.03	19.27	21.85	23.07	24.17
Other Intangible Assets	0.03	0.09	0.19	0.15	-	-
Goodwill	-	-	-	-	0	0
Long-Term Investments	-	-	-	0.25	-	-
Other Long-Term Assets	7.59	4.8	11.22	6.96	0.19	0.16
Total Assets	123.43	115.58	130.48	155.12	162.57	131.98
Accounts Payable	27.66	23.1	25.27	24.82	29.06	22.01
Accrued Expenses	2.06	1.2	0.76	0.19	0.11	-
Short-Term Debt	14.3	19.37	39.75	37.26	50.85	44.38
Current Portion of Leases	0.55	0.52	0.49	0.47	0.23	0.8
Unearned Revenue	0.3	0.33	0.14	0.23	0.39	0.37
Other Current Liabilities	6.32	13.02	6.11	3.24	4.82	11.26
Total Current Liabilities	51.18	57.54	72.52	66.21	85.46	78.81
Long-Term Leases	0.75	1.17	1.68	2.18	0.05	0.17
Other Long-Term Liabilities	1.64	3.6	5.61	7.3	2.21	2.34
Total Long-Term Liabilities	2.4	4.77	7.3	9.47	2.26	2.51
Total Liabilities	53.57	62.31	79.82	75.68	87.72	81.32
Additional Paid-in Capital	34.42	27.47	30.29	30.29	23.76	13.71
Accumulated Other Comprehensive Income	-1.96	-3.71	-2.58	-2.83	1.01	-0.06
Retained Earnings	42.96	36.44	22.38	38.26	37.51	31.25
Total Common Shareholders' Equity	145.27	113.48	50.08	65.71	62.28	44.89
Minority Interest	-5.57	-6.94	0.57	13.72	12.56	5.77
Shareholders' Equity	139.7	106.54	50.65	79.43	74.84	50.66
Total Liabilities & Equity	123.43	115.58	130.48	155.12	162.57	131.98
Total Debt	15.6	21.05	41.93	39.91	51.13	45.34
Net Cash (Debt)	17.44	6.1	-10.92	-12.38	-31.23	-35.94
Net Cash Growth	186.14%	-	-	-	-	-
Net Cash Per Share	1.13	0.45	-0.82	-1.04	-2.88	-3.58
Book Value	145.27	113.48	50.08	65.71	62.28	44.89
Book Value Per Share	9.38	8.35	3.79	5.53	5.75	4.47
Tangible Book Value	145.24	113.39	49.89	65.56	62.28	44.89
Tangible Book Value Per Share	9.38	8.34	3.77	5.52	5.75	4.47

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q